• FY25 net profit up 5% to $A3,715 million
• International income 66% of total income
• Assets under management of $A941.0 billion, up 3% from Sep 2024
• Financial position exceeds regulatory requirements

Macquarie Group Limited (ASX: MQG) announced a net profit after tax attributable to ordinary shareholders of $A3,715 million for the year ended 31 March 2025 (FY25), up 5% on the prior year. Profit for the second half of FY25 was $A2,103 million, up 30% on the first half. The result was driven by resilient client franchises, new business origination, and underlying income growth across the group. Net operating income of $A17,208 million was up 2% on FY24, while operating expenses of $A12,140 million were broadly in line. International income accounted for 66% of Macquarie's total income. The group's financial position remains strong, with a capital surplus of $A9.5 billion and CET1 ratio of 12.8% (Harmonised: 17.6%). Macquarie's operating groups delivered mixed results, with Macquarie Asset Management and Banking and Financial Services reporting higher profits, while Commodities and Global Markets and Macquarie Capital were down or flat. The group announced a FY25 final ordinary dividend of $A3.90 per share (35% franked), bringing the total FY25 dividend to $A6.50 per share.

Macquarie expects to maintain a cautious stance, with a conservative approach to capital, funding and liquidity. Key factors that may influence the short-term outlook include market conditions, completion of transactions, geographic composition of income, and potential tax or regulatory changes.

Macquarie remains well-positioned to deliver superior performance in the medium term, with diverse income streams, deep expertise across sectors, patient adjacent growth, ongoing investment in its platform, a strong balance sheet, and a proven risk management framework.